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20121201
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>>> weaker yen, stronger dollar. the u.s. currency is trading at the upper yen level. that's the highest lel in 24 months. the dollar yen is strading at 84.74 to 75 in tokyo. earlier the dollar hit 84.96 yen at one stage. investigato investors are buying yen. >> the central bank will face further pressure. >> we're going to get some more answers as the new administrati administration launches on wednesday. the ps is on. he's talking about revising the law to set target of 2%. >> we think the yen we think it's supporting for weaker yen. european debt concern should be eased things to esm. >> let's get a check on how tokyo stocks are reacting. it's currently at 10,094. a gain of 1.6% from friday's close. many analysts think the trend will continue. in other business headlines the rate of unpaid tensipensions inn hit a record high. around 26% or more than 4.5 million of those enrolled failed to pay premiums between april 2009 and march 2011. 74% said they couldn't pay because the premium is too high. 10% refuse to pay because they couldn't trust the system. the monthly premium
-- >> in the u.s., president obama makes a last ditch attempt to find a budget compromise. >> in the angry and protests in the streets of regain rate. doctors warn the victim's condition is getting worse. >> and running the sydney yacht race for a sixth time. >> within the next hour, president barack obama is set to meet with top republicans to discuss the nation's looming fiscal clit. white house aides have indicated that obama will discuss measures for avoiding the rest of the automatic spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough. >> i mean, i like with starbucks is riding on the cups. i wish they would write, like, something else, like "republicans, stop being s
's biggest bank. >> our chief correspondent is falling this story for us now -- is following this story for us now. possibly that of the iceberg -- the tip of the iceberg. >> this report and then goes back a couple of years. this is one of the biggest raids so far. authorities they have good reason to believe the bank's co- ceo was involved in illegal activity. as your report said come fitschen and the -- said, fitschen and the bank are claiming that the talks documents -- the tax documents were amended in time. it does look like an attempt to play fast and loose with value added tax reporting, and that is a very big public-relations disaster for the bank because it comes on top of a number of other investigations, all of them asking some questions about credibility of the bank. at a time when both ceos had claimed -- ceo's had claimed they were providing more transparency and more responsibility. >> this is germany's biggest financial institution by far. how damaging is this credibility -- this to their credibility? >> some of the other investigations include manipulation of the libor
for global trends in the lead up to 2030. they say the u.s. won't be the world's only superpower. the council says china will pass the u.s. economically a few years before 2030. the council's analysts say the u.s. will remain unrivaled in its ability to orchestrate all aspects of power including the military it the analysts say the japanese economy will gradually shrink as the population ages and the labor force contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some nations may begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nearly 1.8 million units were sold last month. japanese firms lost out after chinese consumers boycotted their vehicles over a territorial dispute. they saw a slight improvement last mont
leadership. social activists use the internet to out leaders for corruption and treating the under class urn fairly. the leaders see this as a threat to control and clamp down on some websites. persistent chinese are still finding ways to speak out. >> reporter: in china more than 500 million use the web. they have a broad internet community. >> translator: the stock prices and the foreign sites for financial information. >> translator: i simply cannot live without my smartphone. >> reporter: also, they make some sites off limits. on the chinese site we enter a wall. the internet has given life to new movements. this is a former airport employee. now he is an internet reporter and three years ago explored production by government officials and he wants to correct injustice on social programs. like-minded people support his activities, but he has caught the eye of authorities and now they watch him. >> translator: the internet gives you lots of information and you can disseminate the truth. >> reporter: he supports campaigns and he says the local government is to evict with him without proper
ministers approved a loan just last week. now the greeks have announced one way they will use the funds. what's the latest? >> one of the requirements for greek receiving the bailout fund is they cut down their debt. they will buy back government bonds a t a discount. greek officials said on monday they will purchase the bonds from private financial institutions. they will pay 30 to 40% of the original price before the bonds mature. the announcement came a week after euro zone finance ministers agreed to offer 43.7 billion euros. that's about $57 billion. greek officials said the creditor institutions will receive bonds issued by the euro zone's bail out fund instead of cash. the buy back program is a condition leaders must fulfill to receive the next cash infusion. the success depends on the bond holders. finance chiefs met in brussels to discuss how to proceed with extending eight degrees. euro president said the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans to greece when they meet
>>> glad to have you with us on this edition of "newsline." it's friday, december 21st. i'm catherine kobayashi in tokyo. they're hoping consumers will keep spending and not just on christmas presents. we have joined from the business desk with the numbers. >> the magic number is considered a rate that reflects a healthy stream of goods an services. the previous estimate didn't reach that number. officials at the commerce department have changed the picture of the economy filling in some gaps. they say the pace of growth is the highest. commerce department officials revised up their growth rate. gross domestic product grew from the previous quarter. it was up by 0.4% from the figure last month. it was up from 1.4 to 1.6%. consumer spending does account for 70% of gdp. expert growth was revised from 1.1% to 1.9%. federal government spending was changed. it was revised downward slightly but maintain the pace of 13.5%. still the u.s. economic outlook remains uncertain. the obama administration and the republicans are at a stand still to resolve the tax increases. here in japa
Search Results 0 to 6 of about 7